This Financing and you may Safeguards Arrangement (given that exact same concluded, altered, restated or formulated sporadically, this
This Financing and you may Safeguards Arrangement (given that exact same concluded, altered, restated or formulated sporadically, this Agreement) is made as of ong PENNYMAC LOAN SERVICES, LLC, as lender (the Bank) and PENNYMAC HOLDINGS, LLC, as borrower (the Debtor). WHEREAS, in order to finance Portfolio Excess Spread (as defined below) owned by Borrower from …